Construction sector codes in line with employment equity under management controlRead More
An introduction to the Amended FSC (Financial Sector Code) for Procurement, Enterprise and Supplier development by Allan Maphanga, EconoServRead More
Seeing the Bigger Picture – BEE is a long-term process. Watch our video on BEE compliance for tendering and the opportunitiesRead More
Unpacking the new Financial Sector and Construction Sector Codes in a panel discussion on Classic FMRead More
Download the Amended Financial Sector Codes released 1 December hereRead More
Download the Amended Construction Codes released 1 Dec 2017 hereRead More
The dti minister, Dr Rob Davies has today (1 December 2017) gazetted the Financial Sector Codes (FSC) and the Construction Sector Codes. The FSC in particular has been long awaited. Until now the financial sector had been using the original financial sector codes which gave all in the FSC an unfair advantage over all otherRead More
It has been 13 years since the Broad-Based Black Economic Empowerment (B-BBEE) Act came into effect in South Africa, but many business owners – and their employees – remain unclear on what exactly the legislation is for. To talk about The Real State of B-BBEE, Teboho Mafodi hosts Mr Keith Levenstein – founder of EconoServRead More
In October this year, the BEE commission planned to issue about 50 preliminary and final findings against companies for contraventions of the B-BBEE act. What are these contraventions? One of them is fronting. A major form of non-compliance is fronting, or the introduction of spurious schemes that purport to introduce black shareholders (sometimes a domesticRead More
The journey continues: a reflection of the founding team, a year later! Click here to view the newsletterRead More
Are BEE Share Schemes Creating Shareholder Value? Listen to our Chairman, Keith Levenstein, discussing the types of BEE share schemes, their benefits and pitfalls.
Interview on SAFM with EconoServ chairman Keith Levenstein NASTASSIA ARENDSE: We are looking at BEE share schemes. What prompted this idea was the Sasol Inzalo unbundling that will take place next June. Yesterday we spoke with the joint president on how the new scheme is going to work. Now we’ll look at BEE shareRead More
The BEE Commission is about to set a precedent which will decide the validity of what, to date, have been questionable BEE transactions. The BEE Act states that the BEE Commission must maintain a registry of major transactions. Regulations issued in 2017 defined a major transaction as a deal worth more than R25million. Regulations issuedRead More
JSE-listed companies will be required to submit their BEE Compliance Report to the BEE Commission by 1 June 2018. Read more about what is required.
By Lianne Friedman, CEO of EconoServ An amendment to the JSE listing requirements will require companies to provide the BEE Commission with a copy of their compliance report. The first disclosure period is scheduled for 1 June 2018. The JSE says that the aim of the amendment is to support current BEE legislation andRead More